Yahoo to shut down digital magazines, cut more than 300 jobs

(REUTERS) - Yahoo said on Wednesday (Feb 18) that it would shut down its digital magazines as part of a plan to simplify its business.

The company's digital magazines to be discontinued include those that cover food, parenting, health, travel and real estate, it said in a blog post. (http://goo.gl/sI68O7)

Yahoo said it would sharpen its focus on news, sports, finance and lifestyle.

The company said earlier this month it would consider"strategic alternatives" for its core Internet business and cut about 15 per cent of its workforce.

The San Francisco Chronicle also reported that Yahoo said it would cut more than 300 jobs by April 18, as part of 1,500 layoffs announced earlier.

The layoffs cover 128 employees at Yahoo's headquarters in Sunnyvale, California; 46 employees in San Francisco and 60 in Los Angeles, the newspaper reported, citing a company's note to state officials.

The company also plans to shut down its Burbank office, affecting 90 employees, according to San Francisco Chronicle.

The layoffs affect people in Yahoo's media division, as well as employees in other roles such as engineering or research, San Francisco Chronicle reported.

The Straits Times

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